The School Of Cash Flow

Today’s guest quit his W2 job right before the pandemic to start a multifamily syndication business. Nick DiLeone is a Managing Partner at Leone Real Estate Partners. Now, his multifamily-focused firm ends 2021 with six GP deals closed bringing their total GP doors to more than 700. Before that, he had about 20 years of experience in the industry with executive roles focused on asset management. In this episode, he chats with host Dale Corpus about how and why he switched paths. Plus, he breaks down his limited partnership investments and offers tips to aspiring entrepreneurs. Get to know the secret to his immense success after shifting gears to real estate by tuning in.

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From Corporate Executive To Real Estate Mogul: Success In Multifamily Syndications With Nick DiLeone

I get to interview another GoBundance, fellow member. I’ve been a member of GoBundance since December 2020, if I haven’t told you yet. It’s brought a lot of good energy, good people, great ideas and overall accountability in my life to take it to the next level. I’m not sure if I’ve ever said this before but in GoBundance, it’s all guys and we call each other Go Bros but It took me a while to get used to saying that term.

I’ve got a Go Bro as a guest. His name is Nick DiLeone. The cool thing about Nick is that I got to meet him in person over our Winter GoBundance Mastermind over in Utah. I’m excited to bring him on. Here’s a little bit more about Nick. Nick leads all aspects of Leone Real Estate Partners and he’s a 100% full-time focus on growing the real estate business. He’s originally from the New York City area and lived there most of his life. He moved to San Francisco years ago and then before COVID, he ended up moving to the great city of Dallas to start up a multifamily syndication business.

He’s been in commercial real estate for many years in some capacity and his focus over that period has been real estate management and operations. He fell in love with the real estate business while building IT systems for one of the largest real estate owners in the world, TIAA-Nuveen and that inspired him to get his Master’s at NYU in Real Estate Finance and Investment. That allowed him to switch to the business side of commercial real estate, where he’s been for the past years.

While at Nuveen, he was a Senior Director Asset Manager, managing various asset classes valued at approximately $1 billion, including 900 plus units of class A multifamily. After Nuveen, he headed Asset Management nationally for a value-add industrial fund based out of San Francisco, where the firm owned 60 properties, 6 million square feet valued at over $700 million. Leone Real Estate Partners has focused on multifamily with 6 general partner deals closed in 2021, bringing their total GP doors to a 700 plus. Nick lives in Dallas with his wife, young twin son and his mother-in-law. Without further ado, let’s get started.

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Nick, welcome to the show. How are you?

Dale, thanks for having me. I’m honored to be on and excited about it.

I’m excited too. I didn’t realize you had twins. How is it being a dad of twins? Was that hard?

It’s harder for my wife and they’re twin boys. I would say their energy level is 100% on their own but it’s 150% when they’re together. You get it all done in one shot but it’s a lot of work.

Since we met through GoBundance, remind me how long have you been in it? What’s it even done for you in your own words?

I joined about March 2021. It’s been amazing because there are these pillars out there and everyone’s successful business-wise. They’ve figured out that financial piece of their life but sometimes there are other pieces in their life they’re looking to supplement. The group is about the six pillars and supporting each other and being open and honest. It’s pretty amazing when you get into a group of people and you have one of these deep sessions with people. You go deep into some difficult discussions. This is how the group works and you cut through a lot of the stuff. I’m up for renewal. My wife and mother-in-law love it. It adds tons of value to the family.

You’re doing a lot of real estate investing. It’s like, “I won’t even go back to that.” You were in commercial real estate for some time, but the thing is, you weren’t an investor first. I believe you had a W-2 job in commercial real estate. I want to hear more about what you were doing and how the profession led to you becoming a GP and LP.

I had the W-2 for a while in commercial real estate working at Nuveen with various roles. I headed up asset management analytics nationally reporting to the head of asset management, built an analytics team, analyst supporting the asset managers but always on the W-2 side. I want to a little story about my dad and how it relates to the W-2.

My dad was my champion and hero. He’s a very big risktaker. He was an interesting dude because he had a lot of tattoos. He was a stereotypical entrepreneur but I went the more conservative route and the W-2 route for many years. I was in sixth grade talking to some of these smart kids. They had this puzzle. It’s a brain tease where you had to move these animals across the river according to certain rules.

My dad’s a smart and creative guy. I’m like, “Dad, here are the rules. This is the brain teaser. You have to figure it out and play within these rules.” He figured out the puzzle but didn’t play by the rules. He broke the rules. I said, “Dad, that’s cheating. That’s not the way you do this. You have to play within the rules.” It wasn’t until I moved out of that W-2 world and became an entrepreneur that I understood the entrepreneur within me. You have to think outside the box when you’re an entrepreneur.

Multifamily Syndications: In the syndication world, everyone is just there to help each other.

At the time, I was frustrated with his answer but I understood it because you’re thinking on your feet all the time when you’re an entrepreneur. The transition was I worked in San Francisco and decided to part ways with that company. We had some friends and family down in Dallas. I was like, “Let’s start a multifamily syndication business.” We move to a very landlord-friendly state. Look for a W-2. COVID hits and we couldn’t get a W-2, so we went 100% into that multifamily syndication. That was the path.

I find it interesting that you started your multifamily investing business when COVID was happening. Did that scare you? With COVID having a lot of uncertainty, what was going through your mind?

My wife was good and right out of the gates she’s like, “You’ve been thinking about doing your own thing. Let’s move out of California with lower our cost of living and then start up the business.” She was supportive but it was taking a while to get our first deal. We didn’t get our first deal until 2021 and we started in 2020.

There were times when my wife was like, “Are we sure that we’re going to be able to do this? This is a little bit scary.” We’ve always been a W-2 employees. You have that “safety.” She’s like, “You might have to go back and get a W-2. Maybe we can’t focus on DFW. Maybe we need to focus on secondary markets that aren’t as competitive.” That’s how we get our Waco deal.

It was scary. I got laid off from Nuveen. I decided to part ways from the industrial fund in San Francisco and then COVID was the third punch in the gut that finally pushed me to take the risk to launch the business and go in full-time. For us, COVID in that way was a blessing because we wouldn’t have taken that push.

The opportunity presented itself and the stars aligned. You’re like, “I’m ready.” Were you already seen investing while you were still W-2 or did you get into all of this after you left corporate?

It was after I left corporate. I immersed myself, listened to podcasts and learned about the syndication model. When I had the W-2, I sold an industrial property in Plano, Texas. We were doing final interviews and the guys that won were like, “We still have to raise capital for the deal.” I was like, “What is this talking about?” My boss was like, “They’re syndicating the deal.” It’s the first time I heard about syndication because I always came from the fund model. We raised the money upfront and have full discretion to invest your funds. I listened to a lot of good podcasts out there understanding the syndication model on how that all works.

What we started doing was like, “We can invest passively in some deals while we’re looking for deals to help support our income.” We passively invested in a bunch of deals as a limited partner and then also look for deals as a general partner. It allowed us to get mailbox money passively, so we’re on both sides of the table. It’s good to invest passively. If people were thinking about being a GP, it’s always good to invest as an LP to sit in that seat to see what that’s like because you’re going to have investors that you have to report back to and give them updates. That’s always a good thing to do and that was another benefit of being an LP in deals.

What is your first investment? Was it as a limited partner? What did you invest in?

I head up a meetup called Dallas Multifamily & More. It’s a brand that Jamie Gruber heads up in Michigan. I met two people that were part of my community who head up San Francisco Multifamily and More. The day before we moved from San Francisco to Dallas, we met these two people in person who are such sweet, kind people.

They live in Hayward and were syndicating a Dallas deal. I was like, “This is going to give me Dallas exposure.” I like and trust these people because that’s 80%, 90% when you invest is you’re investing in the people, betting on the jockey, not on the horse. We invested passively with that couple in the deal in Dallas, so that was our first investment.

Did you get into a certain amount of LP investments before you became a GP? The progression was like, “I’m not a GP. I’m an LP in many syndications,” I’m trying to understand how did you go from LP to GP so quickly?

I joined the real estate community that has mentorship and partnership. A lot of partners that I did deals on, I met through the community, so that scaled the business quickly. It allowed me to meet those people that invested passively but also on the GP side. As we were launching the business, making offers on deals on the GP side, we were also looking at deals on the LP side. That also gives you a sense of where the market is. What cash on cash people are offering on deals? What IRRs are people offering on deals to understand the market? That’s changed significantly in the past couple of years.

It’s looking for GP deals and making offers while we’re also investing passively. My real estate background and experience allow me to build credibility with these brokers right out of the gate when we’re making offers and talking to those guys because it’s knowing the jargon, understanding the business and building credibility. That’s part of why we were able to scale pretty quickly as well.

Let’s talk about military families since that’s your bread and butter. What deals do you go for? Are you able to talk about a deal that you went through?

We look for value add that’s going to yield higher returns. Returns have shifted a little bit, especially in 2021 but one deal, in particular, aligns with the conversation that I had with my wife, “DFW is super competitive. Maybe we need to look outside of DFW.” There was a deal in Waco, Texas, so that’s about 1.5 hours, depending on where you are in DFW, or 2 hours South of where we live.

It’s a secondary, tertiary market. The major employer is Baylor University. There’s Chip and Joanna that have their big brand, home development TV shows. Those were the two drop draws to that city. It’s halfway between Austin and Dallas. We started looking at deals there because it’s a secondary market. We looked at El Paso for a little bit but with this particular deal, we ended up closing it. It’s a 120-unit deal in Waco, Texas. It’s called Fleetwood Square. I have a partner that lives in Waco. It’s one of the reasons why I partnered with him.

He just got married and is a professor at Baylor. He’s super boots on the ground. He can drive eight minutes from the property. We closed it in 2021 in September. The unit mix is good because it’s about 65% above 2 bedrooms. You want more 2 bedrooms and 1 bedroom because there’s less unit turn and costs. People want to stay in the units a little bit longer. It’s less transient. It was built in 1972. What we liked about this deal because we’re looking for value-add and higher yields was it’s a management play.

I spoke to one syndicator about the deal. He looked at it quickly. He saw that a lot of the units were already renovated by a previous syndicator. He said, “I don’t want to touch that deal. It’s not enough value-add. The returns are not going to be good.” He didn’t dig in far enough. You reduce expenses and increase rents. We saw the person that owned it before didn’t protest taxes in two years and that’s a big thing in Texas. Every year, your taxes get reassessed. The biggest expenses line up. You always protest taxes. That’s what I did in my previous asset management jobs. It’s a big thing to protest the taxes across the country.

Protest taxes reduce expenses. When we were touring the property, the existing property manager had a little piece of paper that had written down the rents that she would charge by unit. I looked at that and was like, “That thing is a piece of paper. It’s not constantly changing.” I was like, “When’s the last time you updated that piece of paper?” She was like, “It’s been about a few years.” I knew right away that she’s not pushing rents, even before you did a rent study to see if you’re under market. The returns were pretty good going in.

Multifamily Syndications: The asset management piece is one of the most critical because you can just turn a really good property into a poorly performing property if you’re not focused on it.

In the DFW area, to win deals, it’s super aggressive. You have to put hard money, non-refundable day one upon contract execution. What you do is you get an early inspection period and most of your physical DD before you sign the contract. We wire the money, the money goes in and then we get newly updated financials. All of a sudden, the expenses increased by $60,000. That means the value of the property went down. The owner was very good and cordial about it. It was a mistake that this stuff was missing.

I sold all the properties at my previous W-2 on the industrial side. I had experience being a seller going through this retrade process. I’ve been through it before. I was able to negotiate almost a $300,000 discount on the price and that helped us do the returns on this deal. It’s a once-in-a-lifetime deal because it was a good deal before but once we got this retrade, the returns went through the roof. It’s a management plan. It’s not devaluated. We’re not spending a lot of CapEx. It’s a limited and budgeted CapEx. That’s that deal.

Looking at it, the market has moved so much. It’s just not Waco. We bought at 62 a door and there is stuff selling at 100 a door. If we tried to sell them, it’ll be a little complicated because there’s a new maintenance penalty. If we sell now, let’s say, in theory, we’d already hit the exit price that we projected out in years. That’s how much the market has moved. We’re seeing that on most of our investments in the past few years. The market has moved a ton because rents have been double-digit rent growth.

That was done as syndication?

That was friends and family syndication. The deal was so good. Our general partnership put about 1/3 of the equity into the deal because we love the deal so much.

How much was that capital raised approximately?

It was about a $3 million capital raise.

Are you collecting investors with your friends and family? Are you going outside of that too?

It’s mostly friends and family. I have the Dallas Multifamily and More virtual meetup and in-person meetup. I’ve got some investors that way as well. This is what’s interesting about the syndication world and the people that do syndications. It’s related to GoBundance. Everyone is out there trying to help each other. These meetups that I do, it’s educational, people could sign up. Maybe they have been doing it for a long time or have very little experience.

We have these meetups to teach people about syndication, underwriting deals, maybe real estate taxes, insurance, giving to people, not expecting anything in return and then maybe they invest in our deals, maybe they don’t or become a partner in something. You never know what it is. It’s like The Go-Giver mentality, that book by Bob Burg. You give without expecting anything in return and the universe gives back.

Are you raising money for anything? Any other projects and stuff like that you’re working on?

We’re still looking at deals in multifamily space. We feel like the market might be a little bit overheated, so we’re not as aggressively pursuing things as we were in 2021. My partner’s brother has been in the crypto space for several years and created a good amount of his net worth through that space. He’s a Math PhD candidate, a super-smart guy and deep in this space. We’re exploring doing something in the crypto space but we’re going to have some virtual meetups about cryptocurrency to get people on board, people that still want to understand it better. You get to meet our team talking about crypto.

We’re looking at that in an exploratory mode. We’re excited about it. It has lots of opportunities. It’s very volatile and risky. We have another partner that’s been doing it for a while too. With that deep knowledge, we can offer another alternative to our investors that are invested with us on these real estate deals and other investment opportunities.

Regarding your existing deals in multifamily, good deals are getting harder to find. Is it mainly through broker relationships? Do you have your systems to find stuff off-market and go direct to the seller? Is it a combination of both?

I have a technology background, so one of the first things I did was listen to the BiggerPockets Podcast, where these single-family home guys were sourcing deals through texting campaigns. I was like, “Why don’t we try that with multifamily?” We’ve done a bunch of different texting campaigns across the country with different syndicators and brokers in San Francisco. We’ve done it in DFW. We might get our first deal in San Francisco with this broker through these campaigns. It’s direct to seller method.

We’ve had a few deals, one deal in Waco that got pretty close and another one with my partners in Virginia, that I acted as investment advisor and raise capital in their deals. We got pretty close. That’s another secret weapon that we have in our pocket but most deals are through the brokers. The brokers are the gatekeepers.

You have to build those relationships with those guys. If you build a good enough relationship and you have a track record for closing deals, they’ll give you deals that are truly off-market and not overpriced. If things are going fully marketed, they’re going to be bid up like crazy and we feel like people are overpaying. It’s got to be an off-market broker relationships deal.

I have a question as it relates to you being a limited partner investor. How do you keep track of everything? Is it simple? Do you keep it on a spreadsheet or do you have any other special software systems to manage everything and keep track of the returns?

It’s a simple spreadsheet. I have all my passive investments put in there and what the projected cash-on-cash is. I have the ones highlighted in green that are cashflowing. A lot of them are pretty new. We started this LP investing in 2021. Some of them don’t payout for the first six months because they’re value-add. It’s a very simple tracker and it’s supporting our family. We must track it and make sure that the income is coming in.

As a general partner and having your syndications, what do you consider the hardest parts in running these syndications that you’re on that side too?

Multifamily Syndications: The brokers are the gatekeepers. You have to build those relationships with those guys.

I’ve always been a gritty person. I roll my sleeves up and get into the details. I do enjoy doing that. Coming from my IT background, I like tinkering, fixing and optimizing things. The toughest part is value add is hard. Our property in Waco is a C-class property. Some of the tenants can be challenging but the hardest part is the asset manager part and that’s my background.

Most people are focused on getting deals and then move on to the next deal. The asset management piece is one of the most critical because you can turn a good property into a poorly performing property if you’re not focused on it. We have weekly calls with our property management team. Our property management team is on it.

We have our onsite property manager on the call reporting out to us, the partners, how the property is performing. It puts them on the spot. They don’t want to say, “Our occupancy dropped to 80%.” We’re going to be like, “What’s your plan to fix that?” It happens weekly. It’s building accountability. The biggest challenge is staying in the details, managing your property manager and the asset management piece.

Regarding your investors, how do you structure deals with your investors? Is it different from syndication to syndication or you’re using the same structure on all of your syndications?

We use similar structures like the 80-20 split. Sometimes if it’s a smaller deal, it might be a 70-30 split and the fees are pretty similar. Sometimes the fees are a little bit higher for smaller deals. Returns have come down. I’ve seen deals that we asked to participate in Houston to raise capital for 6% cash on cash, which a few years ago was 8% cash on cash.

Return expectations have come down because multifamily is an asset class that isn’t going anywhere, especially in the DFW market. It started to turn into an Austin market where people are like, “I want to buy it no matter what the price.” They have similar structures, just returns expectations have come down for investors.

Regarding multifamily, what’s your outlook on the multifamily real estate space over the next years? How do you feel about it?

Some of these people that we think are overpaying and holding for ten years are going to be okay. There is a dip in the market. You’re going to outlast that dip. When I worked at Nuveen, we all had ten-year holds. We were super aggressive on price and we had to put money out. We chased deals and had to buy deals so that’s going to be fine.

I’m starting to see some indications that the market is cooling down a little bit. This is why my partner and I were on the sidelines multifamily but we’re not pushing as aggressively. We do think with rising interest rates, a lot of people buying deals with floating rate bridge debt that there might be some issues with some of these newer inexperienced syndicators where the prices might come down and they might be forced to sell or sell at a discount.

Another reason why we’re looking at crypto is it allows us to stay liquid and wait for those opportunities. In 2023, we think there might be a little bit of pain in the market. That’s how we’re looking at it. I talked to a partner. We’re looking at deals for partners that want to hold for ten years, maybe forever and refi and roll, which is you refinance the property and roll the profit. It’s that strategy. Overall, with multifamily, especially in DFW, you can’t go wrong.

Who’s on your team? How big is it? What roles does everybody play?

With Leone Real Estate Partners, it’s my partner and me in Waco. I have an asset management operations background. I also do fundraising. My partner in Waco was a lender at a big bank for multifamily properties. He has a very conservative hat. I’m a little bit more aggressive with my investment approach. We have a good counterbalance, yin and yang. He does most of the underwriting. I’ll underwrite the deal lightly. If it looks like a good deal, he’ll dig into the details and kick the tires.

It’s the two of us playing all roles, asset management, investor relations and underwriting. I had broker relationships here in DFW. He has broker relationships and everything in Waco South on I-35, down in San Antonio. On some of the other markets where I have partners in Charlotte, I act as an advisor and help raise capital. We have two deals and partners in Virginia. I also act as an advisor and raise capital for those deals.

How did you find your business partner?

I found my partner through the guys that host the Houston Multifamily and More. They connected me with him. He was looking for partners. He quit his W-2 as well and was listening to podcasts like, “I can do the syndication thing.” We got introduced that way. We have the firm and this Waco deal together. We’re looking at this crypto space with his brother.

Do you think that you could have done it by yourself? Through the synergy and all of these partnerships, you’re able to do all this stuff so rapidly.

I had this struggle coming out of the W-2. I’m like, “I got all this real estate background. I could do it myself.” My wife was a very blunt New Yorker. She’s like, “Get your ego out of the way. You can’t do this yourself. You join this community. Start opening up to see where your weaknesses are and partner with people.”

Once I opened my mind to that concept, the businesses took off but at the beginning, I was struggling. My ego is in the way like, “I can do this myself. I don’t need anybody else.” You see real estate as a team sport. Building a business is a team sport. You got to be honest with yourself and figure out what your weaknesses are and backfill your strengths.

Even for myself, my business, investing and all that stuff, I learned a lot in 2021. I read the book Who Not How and it opened my mind. I was like, “I’m doing everything wrong. Why am I doing everything myself?” I’m setting my ceiling. I’ll go even further if I leverage other people’s talents. I’m good at a lot of things but I can only go so far. Leveraging other people’s strengths where I’m weaker at, I can very relate to you. It’s been amazing. What do you love doing what you do compared to what you were doing before? You’re on the fairly newer side to doing all of this stuff but what’s it done for your life? What do you like about it?

It comes down to time freedom. It gives you the time freedom to make your schedule. I pick up the boys a few days a week early. I’m taking them to Lego class. I get to pick them up and make my schedule. If I have a meeting, without having a boss, I can cancel that meeting unless it’s some super important thing. It would be difficult for me to ever go back to the W-2 and see what running your own business is like. It’s very scary. There are a lot of risks. You’re constantly stressing about that but with the time freedom that you get from running your own business, you can’t put a price on it. It’s invaluable.

Multifamily Syndications: Real estate is a team sport. Building a business is a team sport. You have to be honest with yourself and figure out what your weaknesses are and backfill your strengths.

Let’s talk about diversification. You’re doing mainly multifamily. Do you have any strategies in place for diversification? You mentioned crypto. Is that your way of diversifying or do you already diversify within multifamily?

I’ve worked at W-2 for a while. I have a retirement account, stocks, bonds and investment advisor that matches that piece. There’s that diversification. When I lived in San Francisco, my buddy started up some startups invested in his companies, so it’s more private equity investments and very risky because it’s going to go to zero. That’s also a part of the diversification but to me, the real estate stuff is the stuff I know well. I’ve been doing it for a while. I’d rather put a lot of bets in that space in stuff I know and control.

Even the stocks and bonds, I let my investment advisor handle that. Honestly, I’d rather have it all invested in may be other asset classes because I have an industrial background, a little bit of retail and some office. You can diversify that way. A lot of it is in private equity, either private companies or real estate. The fact that we can control the real estate side, push and make decisions, gives me comfort even though it’s riskier when you’re on the GP side.

Is there anything else I should be asking you that I haven’t asked yet?

I don’t think so. I can give out my contact information and talk about the meetup.

Let’s talk about the meetup. Is your meetup in-person or on Zoom?

We do both. We’ve launched it through COVID and we had a virtual meetup once a month. A lot of them have been recorded on our website. One was with a well-known syndicator on how to underwrite expenses for a property. Another one was how to write revenue. One was what IRR means and how to dig into the details as a passive investor. If most of your value is on the backend, that’s a riskier deal than it’s more of into cashflow. James Kandasamy talked about that.

Those were our virtual meetups and then we started transitioning to virtual and in-person. We have one in the Dallas Stars in Briscoe once a month. It’s super casual. It’s about talking about real estate and having drinks. There are a lot of newer people and people that are super experienced that attend that comes under the Dallas Multifamily and More brand. I stopped the virtual for a while but now that we’re doing this crypto thing, we’re going to start to piggyback off the “And More” piece of Multifamily and More and start having these crypto virtual meetups to educate and get to know people in the crypto space.

I do have some final questions for you. The first one is, what are you excited about in your business?

These crypto investments and launching that business. Learning new things and giving our investors another investment opportunity in crypto.

Any big goals that you’re working on this 2022, either personal or business?

We’re slowing down multifamily and a little bit launching this fund. We’re super excited about that. We focus on the family part of the GoBundance pillars. A lot of GoBundance people talk about the hacking academy, so we’re looking at that. We have a call with someone in Frisco. We launched to see how that’s going to go. My wife and I are super excited about it. Hopefully, it’s a good fit for our sons but the big focus in 2022 is on the family. Being an entrepreneur, getting that time freedom allows you to do that.

What does success mean to you?

We’re getting there, allowing time freedom that I can create my schedule, meet with the boys, pick them up early. I live with my mother-in-law, which is great for the kids. She’s into golf, so they’re spending some time doing golf with her. It’s about time freedom, and being more well-balanced. As an entrepreneur, you’re always going 100 miles in 1 minute. I’m a New Yorker and an A-type. My wife is also an A-type. Taking your foot off the gas a little bit, noticing life and smelling the roses, that’s a success.

What’s your superpower that’s contributed to your success so far?

Angela Duckworth wrote her book about grit. To me, success is all about being gritty. I’m a super gritty person. I love to roll my sleeves up, get into the details and solve problems. My superpower is I’m super gritty. I don’t let up. Sometimes I need a person on my team that will say, “This opportunity might’ve died. Let’s give it up.” I would want to see it through 100% and complete it. Grit is super important to success. If anyone puts their mind to it, works hard and is gritty enough, they can be successful and achieve their goals.

How can someone get ahold of you?

You could go to our website. That’s www.LeoneREPartners.com or you can email me at Nick@LeoneREPartners.com. The other thing that I’m passionate about is helping and teaching people, so if you want to learn about crypto and real estate, feel free to reach out to me. I love jumping on a Zoom call. Our website has a Calendly link. You could set up a Zoom call with me and we can talk real estate, crypto or anything else. I love helping people out if I can help you in any way.

That’s very valuable. Thank you very much. That concludes this episode. Thanks, Nick, for joining me. I love the fact that you’ve got in this space and dove right in full-time. It’s very inspirational and inspiring. To my readers, feel free to reach out to Nick directly if you have any questions. Also, thanks for checking out this episode. Remember to leave me a review on iTunes as it helps me attract even more great guests like Nick. Until next time. Live life abundantly

Important Links

• GoBundance
• Leone Real Estate Partners
• Dallas Multifamily & More – Meetup
• The Go-Giver
• BiggerPockets Podcast
• Who Not How
• Dallas Multifamily and More James Kandasamy – YouTube
• Angela Duckworth
• Nick@LeoneREPartners.com
• Calendly – Nicholas DiLeone
• iTunes – The School of Cash Flow

About Nick DiLeone